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Machino Plastics Ltd Auto Ancillaries
(%)
  • NSE
  • BSE

Overview

  • BSE Code 523248
  • NSE Symbol
  • ISIN Demat INE082B01018
  • Book Value (₹) 87.39
  • Face Value (₹) 10.00
  • Market Cap (₹ Cr.) 161.94
  • P/E (TTM) 18.92
  • EPS (TTM) 13.94
  • Div Yield (%) 0.00

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About Machino Plastics Ltd

Machino Plastic (MPL), a joint venture between M D Jindal (31%), Maruti Udyog (15.5%) and Suzuki Motors, Japan (15.5%), was created and deployed in 1987 with two injection moulding machines. MPL manufactures bumpers, instrument panels and radiator grills primarily for Maruti. Its principal customer, Maruti Udyog plans to increase its production of cars to 2,75,000 in 1995-96, and to 3,30,000 in 1996-97. As a single source supplier, MPL will meet this increasing demand by adding one more 1600-tonne machine in 1995-96.

The company is also setting up a plant for backward integration to manufacture engineering plastics for captive as well as external demand. The capacity of 4000 tpa in the first phase, will be upgraded to 10,000 tpa. For this, MPL has broadened its footprint operations into into a technical collaboration with Himont Incorporated, US.

During the year 1999-2000, the company has been chosen for supply of bumpers and dashboards for "Wagaon-R", a new model introduced by Maruti Udyog.

By choosing the sole supplier of bumpers and dashboards for 'Wagon-R' the company has executed a strategic acquisition of moulds for these new models on lease from ICICI and SBI leasing.The total value of these moulds is about Rs.32 crores.

Founded: 1986
Chairman: Aditya Jindal
Managing Director: Aditya Jindal
Address: Plot No 3, Maruti Joint Venture Complex, Gurgaon, Haryana, 122015,